Huge rice imports won’t burden weak peso – Central bank reveals it has sufficient forex reserves
MANILA: There’s a minimal risk that the projected increase in inbound shipments of rice as a result of lower tariffs…
External debt up in 1Q, say Philippine government officials
Manila: The Philippines’ total foreign debt inched up to US$128.7bil in the first quarter amid “positive investor sentiment” that encouraged…
Australia expected to keep key interest rate at 12-year high today
SYDNEY: Australia’s central bank will likely hold its key interest rate at a 12-year high today as it tries to…
Citigroup starts targeting growth in mid-cap firms
Tokyo: Citigroup Inc is seeking to strengthen its business with medium-size companies in Japan as the Wall Street bank accelerates…
Infratil seeks more investment
WELLINGTON: New Zealand’s infrastructure investor Infratil says it is looking to raise NZ$1.15bil (US$703.8mil) to fund further investment into data…
US mops up a third of global capital since Covid
NEW YORK: In the face of calls around the world to diversify out of the dollar in recent years, the…
Global rate cut juggernaut is struggling to start
NEW YORK: Central banks cagey about joining the global interest rate cutting cycle may reveal themselves this week with a…
UBS sees bond spreads widening slightly
NEW YORK: US corporate bond spreads may widen modestly from current levels by the end of the year, but generally…
Goldman Sachs raises S&P 500 target to 5,600
NEW YORK: Goldman Sachs has raised its 2024 year-end target for the S&P 500 Index to 5,600 from 5,200 earlier,…